Invesco Ltd. Acquires 34,183 Shares of Concentra Group Holdings Parent, Inc. $CON

Key Points

• Invesco Ltd. increased its stake in Concentra Group Holdings Parent, Inc. by 2.5%, owning 1,408,860 shares valued at approximately $30.57 million.
• Concentra Group reported a quarterly earnings per share (EPS) of $0.37, meeting analyst expectations, with revenue rising by 15.2% year-over-year to $550.80 million.
• The company declared a quarterly dividend of $0.0625 per share, representing an annual yield of 1.1%, with a dividend payout ratio of 21.01%.

Invesco Ltd. grew its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,408,860 shares of the company's stock after buying an additional 34,183 shares during the quarter. Invesco Ltd. owned approximately 1.11% of Concentra Group Holdings Parent worth $30,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Concentra Group Holdings Parent by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock valued at $33,895,000 after buying an additional 20,592 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of Concentra Group Holdings Parent during the 1st quarter valued at about $131,000. Natixis Advisors LLC lifted its holdings in shares of Concentra Group Holdings Parent by 52.1% during the 1st quarter. Natixis Advisors LLC now owns 44,422 shares of the company's stock valued at $964,000 after buying an additional 15,213 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Concentra Group Holdings Parent in the 1st quarter valued at approximately $688,000. Finally, LPL Financial LLC raised its stake in shares of Concentra Group Holdings Parent by 278.6% in the 1st quarter. LPL Financial LLC now owns 97,002 shares of the company's stock valued at $2,105,000 after acquiring an additional 71,380 shares in the last quarter.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock traded down $0.2890 during trading on Monday, reaching $23.3610. The company had a trading volume of 835,059 shares, compared to its average volume of 936,700. The firm's 50 day simple moving average is $20.90 and its two-hundred day simple moving average is $21.39. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company has a market capitalization of $2.99 billion and a PE ratio of 19.63.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The business had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. During the same period last year, the business earned $0.49 EPS. The firm's revenue was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 21st will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 21.01%.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers' compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.